« Things worth reading: 5th June 2013 | Main | Things worth reading: 6th June 2013 »

June 05, 2013

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a01053620481c970b01901d022b20970b

Listed below are links to weblogs that reference How to secure an insecure world:

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

D

Chris —

One of the facts that the clowns in "banking" (and, yes, I am in the industry) fail to understand is that they are no longer in the cash, vault, securities, safekeeping, business anymore.

We are in the data arbitrage business.

As items became dematerialized, and we started moving bits and bytes electronically, rather than counting banknotes and coinage, we need to understand what our role is now.

And, as such, we should be developing, testing, implementing, and enhancing ever increasing, more sophisticated data encryption and protection protocols and techniques. Those that fail to do so, and the list is long (and "distinguished") deserve the fate that will befall them.

The problem is that through their laziness and slovenly actions, they will be subject to hackers, and data theft. When those result in clients (and the banks) losing money, we. the taxpayers. will once again be on the hook to bail the banks out.

And, once again, Too Big To Fail will come to bite us all in the proverbial posteriors.

Paul

DSwiss have a digital Safe Deposit Box for banks:-

http://www.finextra.com/news/announcement.aspx?pressreleaseid=36761

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Twitter FSClub

    follow me on Twitter

    Your email address:


    Powered by FeedBlitz

    Search blog


    Amazon Digital Bank

    Financial Brand Editor's Choice

    Alex: The Finanser BlogAlex at the Financial Services Club
    Gaping Void: The Finanser BlogGaping Void's Hugh MacLeod worked with the Finanser
    Wordle: The Finanser Blog

    The Financial Brand

    NetBanker

    Payments News - from Glenbrook Partners

    Payments RSS

    Tomorrow's Transactions blog

    Analytics